Render (RENDER) is 13873.8× the size of 2DAI.io (2DAI) by market capitalisation. Their daily returns move barely in opposite directions (correlation -0.04 across 183 shared trading days). 2DAI has been the more volatile of the two, at 396% annualised against RENDER's 95%.
2DAIRENDER
-0.04over 183 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | 2DAI | RENDER |
|---|---|---|
| Max drawdown (400d) | -81.2% | -66.8% |
| Risk-adjusted return (90d) | 0.91 | 0.26 |
| Best 30 days (past year) | — | +82.4% |
| Worst 30 days (past year) | — | -49.7% |
Relative strength over 90 days: 2DAI outperformed RENDER by 127.3% — measured on the 2DAI/RENDER ratio, so it holds regardless of market direction.